Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    803-805 Main St Verona, WI 53593

    For Sale
    $625,000

    Live/work duplex, high occupancy, redevelopment potential.

    Property size:
    4,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, two-unit duplex located at 803-805 N Main St, Verona, WI 53593. The property, boasting 4,640 square feet on a 0.338-acre corner lot, is zoned for Neighborhood Office use, offering significant redevelopment potential. Currently operating as a 100% occupied residential duplex, it comprises a three-bedroom and a two-bedroom apartment, each equipped with washer/dryer and appliances. The building, constructed in 1967, includes a lower-level two-car garage and basement space. Tenants are responsible for water, sewer, gas, and heat. The property's strategic location across from Badger Middle School and adjacent to the recently developed 100-unit Oakmont Senior Housing (on a separate 3.4-acre site at 841 N Main St) presents a compelling case for future development. This Class B multifamily/office property is listed at $625,000 and offers a strong return on investment, whether maintained as a leased property or redeveloped to capitalize on the favorable zoning and prime location. The property's two parking spaces add to its appeal. Recent changes in Verona zoning regulations further enhance the property's versatility and future prospects.

    Property Features for 803-805 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,640 SF
    Class
    B
    Lot Size
    14,723 SF

    Building Details

    Year Built
    1967
    Units
    2

    HighLights

    • Investment opportunity: Leased duplex or redevelopment potential.
    • Currently 100% occupied residential duplex.
    • Adjacent to approved 100‑unit Oakmont senior housing development.
    • Neighborhood Office zoning.
    • Across from Badger Middle School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5333048
    Latitude
    42.9994737

    Nearby Similar for Sale

    • $899,000

      Established Tavern with Event Spaces

      Turn-key tavern with event spaces near Military Ridge bike trail.
      8205 Klevenville Riley Rd, Verona, WI 53593
      View Details
    • $499,995
      4,640 SF

      Verona Duplex Redevelopment Opportunity

      Leased duplex on corner lot, perfect for redevelopment.
      803-805 N Main St, Verona, WI 53593
      View Details
    • $296,900

      Luxury Storage Condo with Clubhouse

      Storage condo perfect for hobbyists and motorsports enthusiasts.
      644 Liberty Dr, Verona, WI 53593
      View Details
    • $244,900

      Luxury Storage Condo with Clubhouse

      Premier storage condo for hobbyists and motorsports enthusiasts.
      644 Liberty Dr, Verona, WI 53593
      View Details
    • $1,475,000
      9,000 SF

      Verona Industrial Building - Hwy 151

      9,000 SF Steel Building, High Visibility
      465 Investment Ct, Verona, WI 53593
      View Details
    • $296,900
      1,250 SF

      Liberty Dr

      Self storage facilities • 1,250 SF
      0 Liberty Dr, Verona, WI 53593
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Live/work duplex, high occupancy, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 803-805 Main St Verona, WI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Investment opportunity: Leased duplex or redevelopment potential.; Currently 100% occupied residential duplex.; Adjacent to approved 100-unit Oakmont senior housing development.
    Request Owner's contact information
    803-805 Main St Verona, WI 53593
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803-805 Main St
    Verona, WI 53593
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    803-805 Main St Verona, WI 53593
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.